JHHY vs SPY
John Hancock High Yield ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, JHHY or SPY?
High Yield Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JHHY | SPY |
|---|---|---|
| Expense Ratio | 0.52% | 0.09%Best |
| AUM | $99M | $811.2B |
| Dividend Yield | 6.96% | 0.98% |
| Holdings | 561 | 1,515 |
| YTD Return | +0.24% | +14.66%Best |
| 1Y Return | +1.58% | +17.41%Best |
| 3Y Return (annualized) | - | +23.12% |
| 5Y Return (annualized) | - | +13.63% |
| Volatility (annualized) | 3.8%Best | 11.6% |
| Max Drawdown | -5.0%Best | -18.8% |
| $10,000 over 2.4 years | $11,679 | $15,751Best |
| Fund Family | John Hancock Investment Management | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Blend |
| Inception | May 1, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 2, 2024 to Oct 7, 2026 (2.4 years).
JHHY vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
JHHY vs SPY Performance
John Hancock High Yield ETF (JHHY) is an ETF from John Hancock Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year JHHY returned +1.58% while SPY returned +17.41%. Year to date, JHHY is up 0.24% versus a gain of 14.66% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 11.6% compared with 3.8% for JHHY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -5.0% for JHHY and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JHHY charges 0.52% per year while SPY charges 0.09%. On a $10,000 position that is $52 vs $9 annually, a gap of $43 per year that compounds over a long holding period. On income, JHHY currently yields 6.96% against 0.98% for SPY.
Holdings Overlap
At least 0.1% of SPY's money is in holdings JHHY also owns.
Stated as a floor: for JHHY, our book for it covers 9.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
3 positions in common, counted across the 48 positions we hold weights for in JHHY and 504 in SPY, against full books of 561 and 1,515.
You are not choosing between two funds in isolation.
Whichever of JHHY and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JHHY or SPY?
JHHY has an expense ratio of 0.52% while SPY charges 0.09%. SPY is the cheaper option, by $43 a year on a $10,000 investment.
Which performed better, JHHY or SPY?
Over the past year JHHY returned +1.58% vs +17.41% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), JHHY annualized +6.68% vs +20.84% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHHY or SPY?
SPY has been the more volatile fund at 11.6% annualized versus 3.8% for JHHY. Worst drawdown: JHHY -5.0% vs SPY -18.8%.
Should I hold both JHHY and SPY?
JHHY and SPY have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JHHY or SPY?
JHHY yields 6.96% while SPY yields 0.98%, so JHHY currently pays the higher dividend yield.
Is SPY better than JHHY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.